Funding you earn now, next payment 00:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.51 per $10,000 · paid last 24h +0.011%
Price spread now: Bitget against BloFin+0.047%95s7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.284% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.047%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.064% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TRX-USDT | 0.3440 | 0.0049 | pay 0.0049% / 8h | 1h 25m | $4.6M | $4.0M | 50x |
| Short | Bitget TRXUSDT | 0.3442 | 0.0100 | get 0.0100% / 8h | 1h 25m | $9.4M | $2.0M | 75x |
BloFin TRX-USDT
Bitget TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.66
- Price spread: +0.047% → −0.017%
- $6.37
- Slippage, 4 orders
- −$4.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$11.33
- Costs to cover
- 0.284%
- Break-even
- 14.4 days
Slippage from BloFin: live order book, 3 min ago; Bitget: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 3 min ago | 0.14 bp | 7.0 bp −$7 | 9.0 bp −$90 | 21.8 bp −$2,185 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.14 bp | 8.4 bp −$8 | 12.4 bp −$124 | 32.1 bp −$3,208 | doesn't fit |
TRX on 32 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3441 | +0.020% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.026% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0082% | 8h | 0.3439 | −0.030% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.044% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0064% | 8h | 0.3441 | +0.026% | $54.7M | $8.2M | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0050% | 8h | 0.3441 | +0.017% | $8.7M | $3.6M | 75x | as long as short |
| HTX TRX-USDT | −0.0020% | 8h | 0.3441 | +0.028% | $826K | $718K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0013% | 1h | 0.3441 | +0.020% | $58K | $4K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.067% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | 0.0000% | 8h | 0.3441 | +0.029% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
KuCoin TRXUSDTM
HTX TRX-USDT
Backpack TRX_USDC_PERP
dYdX TRX-USD
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0001% | 8h | 0.3442 | +0.059% | $957K | $658K | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.076% | $121K | — | 150x | as long as short |
| MEXC TRX_USDT | +0.0013% | 8h | 0.3442 | +0.041% | $18.2M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | +0.0014% | 1h | 0.3442 | +0.041% | $400 | $5K | 5x | as long as short |
| Binance TRXUSDT | +0.0014% | 8h | 0.3441 | +0.038% | $99.3M | $48.3M | 75x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3441 | +0.023% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3441 | +0.015% | $196K | $1.1M | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.079% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDTlong | +0.0049% | 8h | 0.3440 | long leg | $4.6M | $4.0M | 50x | |
| Paradex TRX-USD-PERP | +0.0050% | 8h | 0.3441 | +0.022% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0072% | 8h | 0.3442 | +0.041% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3440 | −0.009% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3441 | +0.029% | $9.6M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | +0.038% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.090% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDTshort | +0.0100% | 8h | 0.3442 | +0.047% | $9.4M | $2.0M | 75x | |
| BingX TRX-USDC | +0.0100% | 8h | 0.3441 | +0.035% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.011% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.038% | $115K | $548K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.076% | $196K | $918K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0238% | 1h | 0.3445 | +0.130% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.065% | $20K | — | 100x | as long as short |
Aster TRXUSDT
gTrade (Gains Network) TRX/USD
MEXC TRX_USDT
SoDEX TRX-USD
Binance TRXUSDT
Lighter TRX
Extended TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Gate TRX_USDT
Orderly PERP_TRX_USDC
Hyperliquid TRX
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]